US Regulators Miss Deadline: Stablecoin Chaos Looms as GENIUS Act Falters
The grand U.S. plan for stablecoin regulation, the GENIUS Act, just hit a snag. Six federal agencies, bless their bureaucratic hearts, managed to miss their July 18th deadline to finalize the rules. This means more regulatory fog for everyone involved, because apparently, making a clear decision is harder than herding cats on a hot Baja afternoon.